January 14, 2020 / 7:28 AM / 8 days ago

China will keep its currency basically stable - foreign ministry

BEIJING (Reuters) - China’s Foreign Ministry said on Tuesday that China would keep its currency basically stable.

Ministry spokesman Geng Shuang made the comments at a daily news briefing in Beijing.

The U.S. Treasury Department on Monday removed its designation of China as a currency manipulator ahead of the planned signing of a trade deal between them on Wednesday.

Reporting by Cate Cadell; Editing by Christian Schmollinger

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